Essential Utilities Adjusts Executive Compensation for 2025

Ticker: WTRG · Form: 8-K · Filed: 2025-02-18T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, incentive-plan, annual-report

Related Tickers: WTRG

TL;DR

WTRG is tweaking exec pay for 2025, expect changes to incentive plans.

AI Summary

On February 15, 2025, Essential Utilities, Inc. (WTRG) announced changes to its executive compensation arrangements. The filing details adjustments to the annual incentive plan for its named executive officers, including the CEO, CFO, and other key executives, effective for the 2025 fiscal year.

Why It Matters

This filing provides insight into how Essential Utilities is structuring executive pay, which can influence employee motivation and the company's ability to attract and retain top talent.

Risk Assessment

Risk Level: low — The filing concerns routine executive compensation adjustments and does not indicate any significant financial distress or operational issues.

Key Players & Entities

FAQ

What specific changes are being made to the executive compensation arrangements?

The filing indicates adjustments to the annual incentive plan for named executive officers, effective for the 2025 fiscal year, but does not detail the specific percentage or structure changes within this 8-K.

Who are the named executive officers affected by these compensation changes?

The filing refers to 'named executive officers' generally, and while it doesn't list them explicitly in this section, these typically include the CEO, CFO, and other top executives.

When do these compensation changes become effective?

The adjustments to the annual incentive plan are effective for the 2025 fiscal year.

Is this filing related to a departure or election of directors?

While the filing's item information includes 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers,' the primary content discussed in the provided text pertains to compensatory arrangements.

What is the company's primary business?

Essential Utilities, Inc. is in the Water Supply industry, as indicated by its Standard Industrial Classification code [4941].

From the Filing

0001552781-25-000039.txt : 20250218 0001552781-25-000039.hdr.sgml : 20250218 20250218160524 ACCESSION NUMBER: 0001552781-25-000039 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250215 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250218 DATE AS OF CHANGE: 20250218 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Essential Utilities, Inc. CENTRAL INDEX KEY: 0000078128 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 231702594 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06659 FILM NUMBER: 25634833 BUSINESS ADDRESS: STREET 1: 762 W. LANCASTER AVE CITY: BRYN MAWR STATE: PA ZIP: 19010-3489 BUSINESS PHONE: 610-527-8000 MAIL ADDRESS: STREET 1: 762 W. LANCASTER AVE CITY: BRYN MAWR STATE: PA ZIP: 19010-3489 FORMER COMPANY: FORMER CONFORMED NAME: AQUA AMERICA INC DATE OF NAME CHANGE: 20040120 FORMER COMPANY: FORMER CONFORMED NAME: PHILADELPHIA SUBURBAN CORP DATE OF NAME CHANGE: 19920703 8-K 1 e25053_wtrg-8k.htm WTRG 8-K false 0000078128 0000078128 2025-02-15 2025-02-15 iso4217:USD xbrli:shares iso4217:USD xbrli:shares   UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________ FORM 8-K   CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): February 15, 2025   Essential Utilities, Inc. (Exact Name of Registrant Specified in Charter) Pennsylvania 001-06659 23-1702594 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)   762 West Lancaster Avenue     Bryn Mawr , Pennsylvania   19010-3489 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s telephone number, including area code: (610) 527-8000   Not Applicable (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common stock, $.50 par value   WTRG   New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐     Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.    On February 15, 2025, Roderick K. West, a member of the Board of Directors (the “Board”) of Essential Utilities, Inc. (the “Company”) since 2023, informed the Company of his resignation as a director and as a membe

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